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Su Zhu Attempts To Take SBF Down After FTX’s Fall

Su Zhu, the co-founder of crypto hedge fund Three Arrows Capital, continued to hit back at Sam Bankman-Fried after and linked The Block CEO’s resignation to the former FTX CEO.

Zhu Su tweeted that The Block has always been wholly owned by SBF, and SBF is the only source of many of their exclusive news, and SBF is responsible for controlling the direction of the entire news editor. He added that Larry Cermak, vice president of The Block, has a lot of funds trapped on FTX.

He often tweets about trading news and listings on the trading platform, but he never mentions this crash. According to previous news, The Block CEO resigned for not disclosing the $43 million loan for various purposes he received from Alameda Research.

He believes that The Block will get rid of Michael McCaffrey and SBF These will have better development and research directions after the fact. In addition, The Block’s news director Frank Chaparro’s podcast is also sponsored by FTX, but he thinks there is no problem with Frank, saying that most of the research team is excellent.

Su Zhu Attempts To Take SBF Down After FTX's Fall 3

However, Su Zhu’s allegations were not corroborated by any evidence, so the community came to the conclusion that he was just overfishing with murky water. Similar to taking advantage of the collapse of FTX to blame the collapse of 3AC on FTX and Alameda bad play.

Previously, the two founders of 3AC Su Zhu and Kyle Davies also repeatedly accused Sam, FTX and Alameda that they secretly liquidated their positions, leading to the current collapse of 3AC. However, during the court hearing, the attorney for the creditor accused the two founders of not cooperating with them to collect the debt and stated that the cause of the crypto hedge fund’s collapse was if above is “ridiculous”.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.